The Adani Group said that it has signed a non-binding Memorandum of Understanding with Nasdaq-listed Ballard Power Systems.

German OEM has selected BorgWarner’s HVH250 (High Voltage Hairpin) electric motors to power a heavy-duty truck model

According to ICRA, the Production-Linked Incentive (PLI) scheme of Rs 259.38 billion has the potential to make India an export hub in the global auto supply chain and increase cost competitiveness.

Government’s productivity linked incentive (PLI) scheme for auto and component industry is set to change it in a big way through electric vehicles (EV), new technologies and new players in the market.

According to an analysis done by Kotak Institutional Equities, the PLI scheme for autos provides incentives in the range of 13-18% of sales value to OEMs for manufacturing EVs in India.

It is estimated that over a period of five years, the PLI Scheme for automobile and auto components industry will lead to fresh investment of over Rs 42,500 crore, incremental production of over Rs 2.3 lakh crore

At the Hydrogen Wave global online forum, Hyundai Motor Group has presented its vision to promote hydrogen energy and set up a global hydrogen society.

Toyota Kirloskar Motor, (TKM) has announced the launch of the xEV SHIKSHA web application to match the government’s mission to adopt electrified vehicles and also to follow the Toyota Environmental Challenge 2050.

Hyundai Motor Company has made an announcement that it has committed to becoming carbon neutral by 2045 at IAA Mobility 2021.